Suma Is a Philosophy of Continuous Improvement That Encourages and Rewards

question 40

True/False

Suma is a philosophy of continuous improvement that encourages and rewards employees who constantly seek and suggest improvements to activities and business processes.

Identify legal obligations and effective practices in handling accommodations and evaluating performance.

Understand the principles and goals of equal employment opportunity (EEO), affirmative action, and managing diversity.

Identify the necessary steps to make performance appraisals legally defensible in the United States.

Describe Jeffrey Pfeffer's seven people-centered practices.

---

Definitions:

Store Of Value

An asset that can be saved, retrieved, and exchanged at a later time, maintaining its value over time.

Checkable Deposits

are bank accounts that allow the account holder to write checks to third parties. Checkable deposits include checking accounts and are considered very liquid.

Reserves

Funds or physical resources set aside, often by businesses or governments, to meet future expenses, emergencies, or for specific purposes.

Reserve Ratio

The fraction of deposits that a bank is required to hold in reserve and not lend out, as mandated by the central bank.